+ LO d @ Safari File Edit View History Bookmarks Window Help Lily ✓ My Home Courses Rental Options V Catalog and Study Tools Dashboard College Success Tips Help Career Success Tips Give Feedback « CENGAGE MINDTAP PISTACHIOS (Millions of pounds) Note: Dashed drop lines will automatically extend to both axes. 48 Homework (Ch 03) Suppose that Shenandoah and Denali agree to trade. Each country focuses its resources on producing only the good in which it has a comparative advantage. The countries decide to exchange 12 million pounds of peas for 12 million pounds of pistachios. This ratio of goods is known as the price of trade between Shenandoah and Denali. 42 The following graph shows the same PPF for Shenandoah as before, as well as its initial consumption at point A. Place a black point (plus symbol) on the graph to indicate Shenandoah's consumption after trade. 36 30 24 18 2 6 0 C Mind Tap - Cengage Learning 0 PPF 6 S 12 18 Shenandoah A 24 30 PEAS (Millions of pounds) 36 42 ng.cengage.com C MindTap - Cengage Learning 48 JAN 28 + Consumption After Trade The following graph shows the same PPF for Denali as before, as well as its initial consumption at point A. tv W * b Success Confirmation of Question... O A (7 (( =X Sat Jan 28 11:40 PM Mail - Francis, Lily M. - Outlook Q Search this course PDF TEDDY X A-Z « 400-5@=0"-36"O CK-1 bongo A+ EX LO d @ Safari File Edit View History Bookmarks Window Help Lily ✓ My Home Courses Rental Options V Catalog and Study Tools Dashboard College Success Tips Help Career Success Tips Give Feedback « 100 CENGAGE MINDTAP PISTACHIOS (Millions of pounds) 48 42 36 Homework (Ch 03) The following graphs show the production possibilities frontiers (PPFS) for Shenandoah and Denali. Both countries produce peas and pistachios, each initially (i.e., before specialization and trade) producing 18 million pounds of peas and 9 million pounds of pistachios, as indicated by the grey stars marked with the letter A. 30 24 18 PPF 12 6 0 0 C Mind Tap - Cengage Learning 6 S Shenandoah A 12 18 24 30 PEAS (Millions of pounds) 36 42 48 ? JAN 28 PISTACHIOS (Millions of pounds) 48 42 36 30 24 6 C MindTap - Cengage Learning 0 ng.cengage.com PPF 6 Denali A 12 18 24 30 36 PEAS (Millions of pounds) 42 48 Shenandoah has a comparative advantage in the production of while Denali has a comparative advantage in the production of . Suppose that Shenandoah and Denali specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of million pounds of peas and million pounds of pistachios. tv W * b Success Confirmation of Question... A (7 (( =X Sat Jan 28 11:40 PM Mail - Francis, Lily M. - Outlook Q Search this course PDF X A-Z l bongo A+